Donegal Group (NASDAQ:DGICB) Hits New 12-Month High – Should You Buy?

Donegal Group, Inc. (NASDAQ:DGICB)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $23.69 and last traded at $23.5350, with a volume of 194 shares trading hands. The stock had previously closed at $20.02.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Donegal Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Donegal Group currently has a consensus rating of “Hold”.

Donegal Group Trading Up 11.0%

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The company has a fifty day moving average of $19.14 and a 200-day moving average of $17.49. The firm has a market capitalization of $836.03 million, a PE ratio of 13.35 and a beta of 0.06.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.15). Donegal Group had a net margin of 6.77% and a return on equity of 10.31%. The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $247.83 million.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is presently 41.42%.

Hedge Funds Weigh In On Donegal Group

An institutional investor recently bought a new position in Donegal Group stock. Raymond James Financial Inc. bought a new stake in Donegal Group, Inc. (NASDAQ:DGICB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. Hedge funds and other institutional investors own 1.19% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.